Policy Papers

Poverty Reduction and Growth Trust—2023 Borrowing Agreements with the Government of Australia, the People’s Bank of China, the Bank of Finland, the Banque De France, De Nederlandsche Bank NV, the Norwegian Ministry of Finance Representing the Kingdom of Norway, Sveriges Riksbank, and the Government of the United Kingdom

October 6, 2023

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Poverty Reduction and Growth Trust—2023 Borrowing Agreements with the Government of Australia, the People’s Bank of China, the Bank of Finland, the Banque De France, De Nederlandsche Bank NV, the Norwegian Ministry of Finance Representing the Kingdom of Norway, Sveriges Riksbank, and the Government of the United Kingdom, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

This paper presents the second set of PRGT borrowing agreements that have been finalized through April 2023 as part of the loan mobilization round launched in July 2021 to cover the cost of pandemic-related lending and support the self-sustainability of the Poverty Reduction and Growth Trust (PRGT). Seven of the eight agreements presented use SDRs in the context of SDR channeling. Together these agreements provide a total of SDR 5.1 billion in new PRGT loan resources for low-income countries (LICs).

Subject: Financial institutions, Financial services, Loans, Monetary policy, Political economy, Poverty, Poverty reduction strategy, SDR interest rate

Keywords: Channeling pledge, Concessional financing, Contributions, Loan resource, Loans, Poverty Reduction and Growth Trust (PRGT), Poverty reduction strategy, PRGT Borrowing agreements, PRGT Funding, PRGT loan disbursement, PRGT Loans, Resource adequacy, SDR equivalent, SDR interest rate, Totaling SDR, Transparency policy

Publication Details

  • Pages:

    42

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Policy Paper No. 2023/041

  • Stock No:

    PPEA2023041

  • ISBN:

    9798400255120

  • ISSN:

    2663-3493

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